Thanks also to Janet Yellen (but not only) the rescue of the European Stock Exchanges sounds. TO Piazza Affari iThe +1,5% increase was favored by the more than satisfactory outcome of the auction of medium/long-term securities, just a few days after the launch of the ninth edition of the BTP Italia.
The Treasury placed this morning 6,5 billion euro of five- and ten-year BTPs. The five-year, 3,5 billion, set a yield of 0,34%, down from 0,44% at the February 26 auction: a new all-time low. Also assigned 3 billion euro of BTP with 10-year maturity at 1,24% yield, up from 1,50% in the previous auction.
On the secondary, the BTP trades at 1,21%, on last year's lows.
The other European Stock Exchanges were also positive: Paris, Frankfurt and London recorded gains in the order of 1,8-1,9%, Madrid +1,6%.
Companies are flying raw material (Stoxx for the sector + 4,5%), oil companies (Stoxx +2,8%) and automotive companies (Stoxx +2%) also rose.
The markets are not held back by the downward revision of EU growth estimates made by Standard & Poor's: +1,5% (against 1,8% previously) for the Eurozone, only 1,1% (against 1,3%) for Italy. The interventions of the ECB, according to the rating agency, are having a lesser effect than in the past on the prospects for inflation and growth.
Brent oil, which dropped yesterday to its lowest level in the last two weeks, recovered ground this morning to 39,7 dollars a barrel (+1,4%).
Eni earns 2,5% driven by crude oil and the agreement in Morocco, Tenaris rises by 3,4%. Revival of Saipem + 4% recovering from the lows of the year.
Meanwhile continue the utility takeover: Snam+2% and Terna +1,6% update the historical highs.
Live us Mediaset +4,55% and Telecom Italia +2,8%. Tom Mockridge, now CEO of News International, is nominated to succeed Marco Patuano.
The entire Agnelli galaxy is well tuned: stretch Exor +4,10%, Fiat Chrysler +3,5%. Well Cnh +2%: according to Off Highway Research, a consultancy firm quoted by the Financial Times, sales of construction machinery, including bulldozers and excavators, are expected to rise globally in 2017 after five years of contraction.
In the field automotive also highlighted were Sogefi +4,9% and Piaggio +2,14%. Brembo +1,4%
meanwhile continues thebank swing: after reaching an increase of about one percentage point, the sector index lost about 0,6%.
They are slowing down from the highs of the day Understanding -0,7%, Banco Popolare +0,2%, e Pop. Milan +1%. Unicredit -1%: the Financial Times reports that the bank is allegedly negotiating support with the government in its role as guarantor of the capital increase of Banca Popolare di Vicenza.
He still trudges Mount Paschi -1,12% to 0,53 euros.
Staying with the financials, the insurance (Generali +1,07%) and the managed savings: Soul +3,5%, Banca Mediolanum +2,5%.
In particular Fineco +2,4% announced that starting from April XNUMXst it will become part of the FtseMib index which brings together the main blue chips of Piazza Affari.
Also noteworthy is the sharp rise in Diasorin +10%, which announced the acquisition in America of the diagnostics business of the Quest group for 300 million dollars. All of Focus's tangible and intangible assets used for the development, production and distribution of the related Elisa molecular diagnostics and immunodiagnostics products pass to the Piedmontese group, including, among other things, intellectual property rights, contracts and the customer portfolio.
